Coinbase has enabled support for Open USD (OUSD) transfers across four networks: Base, Ethereum, Solana, and Tempo. The integration allows users to send and receive the stablecoin, which officially launched on September 30, 2026. The exchange implemented these features on October 1, 2026, just one day after the token's debut.
Coinbase is a founding partner of the OUSD project, sharing equal equity with Mastercard, Shopify, Stripe, and Visa. The consortium model aims to compete with existing dollar-pegged tokens like USDT and USDC by offering shared governance. Founding partners have committed over $1 billion in liquidity for the launch, with Stripe’s Tempo network contributing over $400 million.
Businesses can mint and redeem OUSD at a 1:1 ratio with the dollar without fees or volume limits. Reserves are held by BlackRock, Lead Bank, and BNY, with monthly third-party attestations planned. The consortium intends to scale the project by onboarding over 200 partner companies to facilitate cross-border payments and institutional trading.
Beyond Coinbase, OUSD is currently accessible through Kraken and the decentralized exchange Uniswap. The project's strategy focuses on leveraging the infrastructure of its partners to drive adoption. Future developments will track the conversion of committed liquidity into trading volume and the expansion of the token's presence across additional platforms.
